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Contents

Legislation

Corporation Tax Act 2009

Chapter 4 Trade profits: rules restricting deductions

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Section 53 Capital expenditure
Section 54 Expenses not wholly and exclusively for trade and unconnected losses
Section 55 Bad debts
Section 56 Car ... hire
Section 57 Car ... hire: supplementary
Section 58 Hiring cars (but not motor cycles) with low CO2 emissions before 1 April 2013
Section 58A Short-term hiring in and long-term hiring out
Section 58B Connected persons: application of section 56
Section 59 Patent royalties
Section 60 Expenditure on integral features
Section 60A Rental rebates

Chapter 4 · Trade profits: rules restricting deductions
Patent royalties

Section 59 | Patent royalties

From legislation.gov.uk

In calculating the profits of a trade, no deduction is allowed for royalties or other sums paid for the use of patents.